The Home Affordable Refinance Program (HARP) has been available to homeowners but the limitations on the program did not benefit all homeowners. Over the years HARP has been extended and slightly modified. Starting March 19, 2012 further modifications have been put into place for homeowners that have not been able to take advantage yet. Harp […]
Purchasing or Refinancing Seattle Home Real Estate is a simple process with preparation. Allow the Mortgage Reel to educate you on the basics to streamline the financing process.
We recently were told Bank of America is taking 4 months to close a refinance transaction. That is a long time to start saving money when it should take 30 – 45 days or less depending on your financial scenario.
Home Affordable Refinance Program IMPROVEMENTS 10/24/2011 to help Seattle Real EstateFEDERAL HOUSING FINANCE AGENCY: Breaking news that will hopefully help many home owners who were unable to refinance underwater values. With these new changes a homeowner would no longer have a loan to value restriction on their ability to refinance. Lenders currently will not allow […]
Home Affordable Refinance Program aka HARP. The opportunity to refinance up to 125% of your current home value.
Guidelines for both Fannie Mae and Freddie Mac are released for the Home Affordable Refinance Program.
Seattle Real Estate owners who are underwater now have an opportunity to refinance with FHA’s short refinance program. The downfall of the program is that it’s voluntary and requires the consent of all lien holders. One requirement is that the first lien holder must agree to write off at least 10% of the unpaid principle balance.
Homeowners previously with TB&W and now with Cenlar have options for refinancing!
FHA Streamline Refinance is popular because of no employment or asset verification and current property values are not used unless you want cash out.
Starting September 1, 2009 the Home Affordable Refinance Program will allow homeowners to refinance up to 125% LTV.
